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Gareth Vaughan

About

Gareth is editor of interest.co.nz and has worked for more than 20 years as a financial journalist in New Zealand and the United Kingdom. He has received awards in the EY Business Journalism Awards, Canon Media Awards, and Shareholders' Association Business Journalism Awards.

Member for

15 years 3 months

Latest articles

Three options on how the big Aussie banks could respond to the bank levy
Now that the Australian bank levy cookie jar is open, UBS analysts probe whether the banks should push back hard, share the pain or roll over
16th May 17, 11:39am
by Gareth Vaughan
Now that the Australian bank levy cookie jar is open, UBS analysts probe whether the banks should push back hard, share the pain or roll over
ANZ NZ pushes ahead with APRA repayment directive
ANZ NZ ahead of schedule in repaying parent NZ$8 bln worth of inter-company loans
16th May 17, 11:30am
by Gareth Vaughan
ANZ NZ ahead of schedule in repaying parent NZ$8 bln worth of inter-company loans
'Pandora's Box has been opened'
UBS bank analysts point out Australia's big 5 banks are likely stuck with their new A$6.2b tax and it could get worse for them; 'Substantial risk to the Australian housing bubble'
15th May 17, 10:01am
by Gareth Vaughan
UBS bank analysts point out Australia's big 5 banks are likely stuck with their new A$6.2b tax and it could get worse for them; 'Substantial risk to the Australian housing bubble'
The RBNZ, an ambulance at the bottom of the prudential regulatory cliff?
The IMF criticises the RBNZ's idiosyncratic light handed regulation of NZ's banks, but notes effective supervision requires political will as a catalyst and adequate resources
13th May 17, 10:28am
by Gareth Vaughan
10
The IMF criticises the RBNZ's idiosyncratic light handed regulation of NZ's banks, but notes effective supervision requires political will as a catalyst and adequate resources
'Separate retail payments network ownership from usage'
Xero argues retail payments network ownership should be removed from major users as it was in the electricity and telecoms industries
12th May 17, 4:02pm
by Gareth Vaughan
Xero argues retail payments network ownership should be removed from major users as it was in the electricity and telecoms industries
It's time to end the madness
Gareth Vaughan argues it's time to ban offshore trust and company service providers from NZ activities, licence local ones, and hold them to account if their clients break the law
10th May 17, 2:16pm
by Gareth Vaughan
9
Gareth Vaughan argues it's time to ban offshore trust and company service providers from NZ activities, licence local ones, and hold them to account if their clients break the law
Should systemically important banks have extra capital requirements?
The IMF recommends higher capital requirements for New Zealand's 'too big to fail' banks
10th May 17, 10:18am
by Gareth Vaughan
The IMF recommends higher capital requirements for New Zealand's 'too big to fail' banks
Is a form of deposit insurance finally coming to NZ?
The IMF suggests a de minimis exemption of $10,000 per depositor as a second best option to the full blown introduction of deposit insurance in NZ given govt & RBNZ opposition
10th May 17, 8:04am
by Gareth Vaughan
32
The IMF suggests a de minimis exemption of $10,000 per depositor as a second best option to the full blown introduction of deposit insurance in NZ given govt & RBNZ opposition
'We don't want to be financing people with no margin for error'
Westpac NZ CEO David McLean 'not terribly concerned' about Auckland first home buyers' ability to service their mortgages if interest rates rise to 7.5%
10th May 17, 5:02am
by Gareth Vaughan
53
Westpac NZ CEO David McLean 'not terribly concerned' about Auckland first home buyers' ability to service their mortgages if interest rates rise to 7.5%
Westpac in no rush to bring Samsung Pay to NZ
CEO David McLean says Westpac NZ will launch Samsung Pay services, but notes slow uptake so far of smartphone payments in Australia and NZ
9th May 17, 3:04pm
by Gareth Vaughan
CEO David McLean says Westpac NZ will launch Samsung Pay services, but notes slow uptake so far of smartphone payments in Australia and NZ
'More intensive approach' to bank oversight by the RBNZ recommended
IMF calls for a more intensive approach to bank supervision from the RBNZ, deposit insurance and a debt-to-income cap tool in its Financial Sector Assessment Program report on NZ
9th May 17, 7:53am
by Gareth Vaughan
26
IMF calls for a more intensive approach to bank supervision from the RBNZ, deposit insurance and a debt-to-income cap tool in its Financial Sector Assessment Program report on NZ
Mortgage rate increases from Kiwibank
Kiwibank hikes floating, offset and revolving mortgage rates by 15 basis points each
8th May 17, 1:39pm
by Gareth Vaughan
6
Kiwibank hikes floating, offset and revolving mortgage rates by 15 basis points each
'Competition is favouring deposit customers'
Westpac NZ ekes out 2% rise in half-year cash earnings as loan impairments fade away. Deposits drop $700 mln over half-year
8th May 17, 9:57am
by Gareth Vaughan
19
Westpac NZ ekes out 2% rise in half-year cash earnings as loan impairments fade away. Deposits drop $700 mln over half-year
RBNZ expected to bring forward its forecast for interest rate rises
Official Cash Rate set to remain at 1.75% but RBNZ's MPS to be perused closely for forecasts on future hikes, inflation outlook and comments on the softening housing market
8th May 17, 8:23am
by Gareth Vaughan
4
Official Cash Rate set to remain at 1.75% but RBNZ's MPS to be perused closely for forecasts on future hikes, inflation outlook and comments on the softening housing market
NZ bank capital 'very conservative the way it is today'
BNZ's Anthony Healy & Adrienne Duarte suggest reducing big banks' use of internal capital models would risk skewing capital allocation towards higher risk assets
5th May 17, 10:44am
by Gareth Vaughan
BNZ's Anthony Healy & Adrienne Duarte suggest reducing big banks' use of internal capital models would risk skewing capital allocation towards higher risk assets
ANZ's David Hisco on the best job he has ever had
'This is a fantastic job. It's the best job I've probably ever had,' says ANZ's David Hisco as he sets sights on ANZ NZ becoming 'one of the great digital banks in the world'
5th May 17, 9:56am
by Gareth Vaughan
'This is a fantastic job. It's the best job I've probably ever had,' says ANZ's David Hisco as he sets sights on ANZ NZ becoming 'one of the great digital banks in the world'
BNZ boss predicts higher mortgage rates
BNZ half-year profit falls 8% as bank's net interest margin sheds 12 basis points. CEO Anthony Healy predicts pressure on bank lending margins will increase customers' loan interest rates
4th May 17, 10:36am
by Gareth Vaughan
17
BNZ half-year profit falls 8% as bank's net interest margin sheds 12 basis points. CEO Anthony Healy predicts pressure on bank lending margins will increase customers' loan interest rates
Auckland home loan market 'looking a little bit easier'
Air has been coming out of the Auckland housing market balloon slowly which is good, ANZ NZ CEO David Hisco says
4th May 17, 5:02am
by Gareth Vaughan
20
Air has been coming out of the Auckland housing market balloon slowly which is good, ANZ NZ CEO David Hisco says
'We're leading the way on scaled agile', says Hisco
ANZ Australia trying to catch up to ANZ New Zealand with introduction of 'scaled agile' working approach, ANZ NZ CEO David Hisco says
3rd May 17, 10:36am
by Gareth Vaughan
ANZ Australia trying to catch up to ANZ New Zealand with introduction of 'scaled agile' working approach, ANZ NZ CEO David Hisco says
'The New Zealand FSP regulatory effectiveness is not strong'
Four NZ financial service providers, an infamous Taylor, a curious director & shareholder, China, the Gold Coast, and the world's easiest country to start a business in
2nd May 17, 8:01pm
by Gareth Vaughan
1
Four NZ financial service providers, an infamous Taylor, a curious director & shareholder, China, the Gold Coast, and the world's easiest country to start a business in
Could the RBNZ finally enforce a leverage ratio on banks?
RBNZ details wide ranging bank capital adequacy review noting internal models approach used by big 4 banks has potentially undermined the effectiveness of market discipline
2nd May 17, 11:33am
by Gareth Vaughan
1
RBNZ details wide ranging bank capital adequacy review noting internal models approach used by big 4 banks has potentially undermined the effectiveness of market discipline
ANZ NZ interim profit up 14%
ANZ NZ half-year profit rises 14% to NZ$869 mln as income rises as expenses and credit impairments fall
2nd May 17, 10:20am
by Gareth Vaughan
34
ANZ NZ half-year profit rises 14% to NZ$869 mln as income rises as expenses and credit impairments fall
Big bank results swing into focus
Half-year results due over the next week from ANZ, BNZ's parent NAB and Westpac, with a third quarter trading update from ASB's parent CBA
1st May 17, 9:38am
by Gareth Vaughan
Half-year results due over the next week from ANZ, BNZ's parent NAB and Westpac, with a third quarter trading update from ASB's parent CBA
Bank funding costs down 30% in 2 years
Latest KPMG quarterly FIPS highlights lower bank funding costs, rising returns on equity, margin pressure, profit growth and slower lending growth
28th Apr 17, 5:02pm
by Gareth Vaughan
Latest KPMG quarterly FIPS highlights lower bank funding costs, rising returns on equity, margin pressure, profit growth and slower lending growth
FIRST Union urges big banks to put customers ahead of sales
Bank workers union offers to work alongside ANZ NZ, ASB, BNZ & Westpac NZ to implement culture change to a customer service first approach from a sales first approach in retail banking
27th Apr 17, 10:47am
by Gareth Vaughan
Bank workers union offers to work alongside ANZ NZ, ASB, BNZ & Westpac NZ to implement culture change to a customer service first approach from a sales first approach in retail banking